Gamesindustry.biz is reporting that Realtime Worlds is "entering administration," a legal process that essentially allows insolvent companies to continue operating while they try to recover. A third-party company, the Begbies-Traynor Group, will be involved to try to help RTW get back on its feet.

What this means for the future of APB at this point is unclear. There hasn't been a statement regarding this development from anyone at Realtime Worlds, but we'll certainly keep watch for one. In the meantime, you can read the full story at Gamesindustry.biz.

[Update: WorldsInMotion.biz is reporting that Activision has sent a team to Dundee to recruit Realtime Worlds staffers who have lost or may be losing their jobs.]